swot analysis of ukay ukaystaff toolbox uca

Interview-a formal consultation usually to evaluate qualifications. As the goods piled up, business-minded people decided to buy them at a very low cost and sell them to the public. WebAn ukay-ukay (Tagalog pronunciation: [uka.uka] oo-ky-OO-ky), or wagwagan (Tagalog pronunciation: [wgwagn] wag-WA-gan) in some areas, is a Philippine store Identifying core strengths, weaknesses, opportunities, and threats leads to fact-based analysis, fresh perspectives, and new ideas. A SWOT (strengths, weaknesses, opportunities and threats) analysis is a planning process that helps your company overcome challenges and determine which Make sure you are honest and efficient in dealing with your customers, so they can tell their friends about your store. The Philippine Ukay-Ukay Culture as Sustainable Fashion Most of them had a weekly income that ranges from 2000-6000 pesos. Those from the United States came from neighborhood home garage sales (de Castro 2001). You can also work in reverse witha segment-specific SWOT analysis that feeds into an overall SWOT analysis. SWOT Analysis Dana's indifference curves form a.right angles b.The answer cannot be, Mike likes beer and fried chicken and views them as perfect complements: for each bottle of beer, he likes to eat 3 pieces of fried chicken. Ukay-ukay is so popular since it is a cost-effective option for shopping on a budget. Ukay-ukay, the art of rummaging second-hand stuffs, is widespread in the Philippines: a very trending act of shopping that made a strong impact on the textile and clothing industry. Additional materials, such as the best quotations, synonyms and word definitions to make your writing easier are also offered here. Thus, this study analyzes Filipino Gen Z consumers motivating factors of perceived value, the dynamics of individualism, and investigates their role in the ukay-ukay CE. Necessary cookies are absolutely essential for the website to function properly. Then-Vice President and Social Welfare Secretary Gloria Arroyo, who has experience in dealing with the textile and garments sector during her time as trade undersecretary, then issued a department order to prohibit the import of used clothing. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. If you want a steady stream of income with a fast turnover, ukay-ukay business is perfect for you. Clothing Poverty uncovers how fast fashion retailers and charity shops are embroiled in commodity chains which perpetuate poverty. Ukay-Ukay The ukay shopping phenomena all started in Baguio. Besides evaluating the key success factors, the proposed model also suggests 10 success factors that represent a strong contribution to the literature by providing a valuable sub-pack for creating and operating a micro-enterprise. Employ a SWOT analysis before you commit to any company action, whether thats exploring new initiatives, revamping internal policies, considering opportunities to pivot or altering a plan midway through its execution. However, it also noted weaknesses and threats such as foreign currency fluctuations, growing public interest in "healthy" beverages, and competition from healthy beverage providers. Ukay-ukay may be considered a special type of good available in the market. Customers who haggle are common in ukay-ukay stores, so entrepreneurs must be prepared to negotiate wisely with them. However, if these clothes were goods that were intended to be given to them anyway, theyve only become another victim of an underground ukay trade that also rips off millions from the government. Alleco (http://bulatlat.com/main/2011/04/18/the-economics-of-ukay-ukay/). We recommend also that the government should abolish the R.A. 4653 because even if there is law, still many ukay-ukay stocks are imported in our country from Japan, Korea and etc. Ukay-ukay is a term used both for the act of shopping by digging up piles of used or pre-loved clothes until The primary objective of a SWOT analysis is to help organizations develop a full awareness of all the factors involved in making a business decision. Startup Costs: How Much Cash Will You Need? Philippine Star. Ukay-Ukay Wagwagan in Pasay takes up an entire street of thrift shops. A SWOT analysis pulls information internal sources (strengths of weaknesses of the specific company) as well as external forces that may have uncontrollable impacts to decisions (opportunities and threats). Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. However, note that it is one of many techniques, not a prescription. Well occasionally send you promo and account related email. Ukay-ukay - Wikipedia This cookie is set by GDPR Cookie Consent plugin. Also, each point listed within the categories is not prioritized the same. As a compromise, the secondhand fashion industry (ukay-ukay), is an interesting sustainable alternative since it reduces waste and recirculates clothingtwo integral grounds for a circular economy (CE). The six forces model is a strategic business tool that helps businesses evaluate the competitiveness and attractiveness of a market. The four steps of SWOT analysis comprise the acronym SWOT: strengths, weaknesses, opportunities, and threats. Gap analysis is the process that companies use to examine their current performance vs. their desired, expected performance. However, in an investigation by Newsbreak, the Department of Social Welfare and Development (DSWD) found it suspicious for this particular NGO to be receiving two container vans of clothes monthly. According to Abueg, ukay-ukay is a very affordable source of fashionable yet durable clothing material for those with relatively low incomes. 16 September 2001: B1,B3. Bryan Weaver, an in-house advisor to Scholefield Construction Attorneys, was heavily involved in creating a SWOT analysis for his firm. As soon as he promoted his video on Twitter, some users started calling him out for gentrifying ukay-ukay, for being burgis, for not acknowledging that shopping in an ukay-ukay is more than a challenge, especially since [proletariats] treat it as a lifestyle. Other users also came to his defense, saying that it is a non-issue when he certainly is not the only person of privilege who shops in ukay (for example, photographer Shaira Luna has talked about her love for ukay countless times) or that hes not influential enough to actually gentrify ukay-ukays. In conjunction with other planning techniques, the company used the SWOT analysis to leverage its strengths and external opportunities to eliminate threats and strengthen areas where it is weak. Ukay-ukay is so popular since it is a cost-effective option for shopping on a budget. It is suggested that the issue of urban diversity should be opened up to public debate, the aim being to understand and adequately address all its multiple aspects and effects on entrepreneurship and everyday life in general. To perform the SWOT analysis, create a large box divided into four squares. The SWOT table is often laid out with the internal factors on the top row and the external factors on the bottom row. Its total assets decreased by 8.68% over the same period. SWOT for Ukay Ukay is a powerful tool of analysis as it provide a thought to uncover and exploit the opportunities that can be used to increase and enhance companys operations. In addition, it also identifies the weaknesses of the organization that will help to be eliminated and manage the threats that would catch the attention of the management. The Economics of Ukay-Ukay - Bulatlat What are the characteristics of a SWOT analysis? To browse Academia.edu and the wider internet faster and more securely, please take a few seconds toupgrade your browser. Ukay Ukay Case Study Solution & Analysis - CaseQuiz.com When drafting a SWOT analysis, individuals typically create a table split into four columns to list each impacting element side by side for comparison. (Threat) How many competitors exist, and what is their market share? Data- factual information as measurements or statistics used as a basis for reasoning. An excess beer that is not paired with 3 pieces of fried, Mark likes to eat pizzas and watch TV. The problems encountered by customers of the ukay-ukay business do not significantly affect the economic benefits they derive. A SWOT analysis is a framework used in a businesss strategic planning to evaluate its competitive positioning in the marketplace. In which the product will be sold online, since To the students, they will have an option on buying some of their needs especially if they want to save and budget their money. is a company based in Malaysia, with its head office in Ampang. Bhd. These include white papers, government data, original reporting, and interviews with industry experts. External forces influence and affect every company, organization and individual. Out of 20 Respondents, 8 of the respondents corresponding to 40% said that You also have the option to opt-out of these cookies. Scope coverage or boundaries of the study in terms of the area or locality and subjects of the population covered during the study. Stores like Goodwill Industries in the U.S. and Salvation Army in the U.K., both distributed by Methodist churches, have begun to be a viable place for buying cheap clothes. Max Freedman and Nicole Fallon contributed to this article. Ukay-ukay shopping is like treasure hunting, but instead of looking for a treasure, you are literally digging from the piles of clothes which are mostly vintage and of high value. These frameworks are essential to fundamentally analyzing companies. Business PLAN group 8 - Grade: 2 - Studocu In the 90s, an NGO received an unusually large volume of garments as donations that were supposedly for the poor. There is seemingly limitless applications to the SWOT analysis. If you plan on selling your goods online, it needs additional work as you also need to upload photos and label each one of your goods. If we do see a change in landscape, meaning ukay-ukay stores having refined racks, closets, and displays and its surrounding areas having new parks, new security systems, or even new coffee shops, only then can it be safe to say that the area is becoming gentrified. Later on, wagwagan became the colloquial wagwag, which has the same meaning as ukay-ukay (Cabreza 2001). With ukay-ukay, there will always be something for someone. of Pages In recent years, the market for secondhand garments has flourished from its considered capital, Baguio City, province of Benguet. WebUkay-ukay is a very affordable source of fashionable yet durable clothes for those with fairly small incomes. Learn all about this approach below. We also use third-party cookies that help us analyze and understand how you use this website. It originated in Baguio City. 2002. A SWOT analysis is designed to facilitate a realistic, fact-based, data-driven look at the strengths and weaknesses of an organization, initiatives, or within its industry. The researchers will use questionnaire and personal interview. Out of 20 respondents (costumers), 13 are female corresponding to 65% and 7 are male corresponding to 35%. ukay Questionnaire- a list of planned, written questions related to a particular topic, with space provided for indicating the response to each questions, intended for submission to a number of persons for reply. To inform people also about its disadvantages. The appeal of low-cost clothing continues to entice visitors into these stores in search of branded clothing for cheap prices. The most popular destinations for ukay-ukay is in Baguio, Cebu, Cubao, Anonas, Bluementrit Espana, Mandaluyong, Sta.Mesa and Pasig. Those who sold ukay-ukay decried that many will lose their jobs and main sources of income those who man the stores, who sort out the clothes, those who are into the transport of goods. When such goods are brought into the country, records would show that some were not really intended for sale: The government would maintain that these are either donations or aid from foreign countries. Some staff may be more connected with external forces, while various staff within the manufacturing or sales departments may have a better grasp of what is going on internally. Don't use plagiarized sources. From there, you can discover ways to improve or eliminate your companys weaknesses and capitalize on its strengths. May it be a pair of vintage pants or thrift bags, customers often find something they like. Ukay-Ukay had been a great help to many people not only the vendors but also the ones who buy it.

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